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Does Globalization Impact UAE Economy? An Empirical Evidence

Journal: Sumerianz Journal of Business Management and Marketing (Vol.3, No. 7)

Publication Date:

Authors : ; ;

Page : 74-78

Keywords : Globalization; Gross domestic product; Resource endowment; Foreign direct investment.;

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Abstract

This research analyzes the phenomenon of globalization and takes a closer look at the rippling effects of it being facilitated in a country like the UAE. many observations were made in 3 important sectors in the country that were greatly affected by the ramifications of being a globalization accepting country such as the tourism sector which turned into a full-on industry, the education sector which got many updates to accommodate the mindset of globalization exchange of intellectual resources amongst nations. An Empirical survey was conducted, Data were collected through a questionnaire, then analyzed to test the validation of the model. However, the most admirable and important change of all is the visible improvement and boost of the economy which has a positive effect on the financial sector of the UAE. To get more details about the effects of globalization a detailed analysis was done based on the results of a questionnaire that was administered to get an inside look into the effect of globalization on the UAE.

Last modified: 2020-08-17 19:53:23